• Proparco invests in Venture Capital funds supporting the emerging startup scene of the African continent. Our commitment sizes for VC funds range from approximately $3M to $7M.
• Proparco backs funds investing at all stages, from seed/pre-seed rounds to larger Series C rounds, and seeks to support the funds investing in startup providing innovative solution to enable access to essential goods and services.
• We prioritize teams with a proven track record of investing in startups, and which demonstrate their ability to provide support and expertize to their portfolio companies.
• The VC funds in which Proparco typically invests deploy initial ticket sizes of $0.5 – 5M. Proparco also has direct equity investing capabilities and is keen to consider coinvestment opportunities with its VC partners.

• Proparco is an investor in SME-focused private equity investment funds across the African continent. Our commitment sizes for funds in the SME-investing space range from approximately $5m to $20m.
• Proparco backs funds transacting in a broad range of economic segments including the manufacturing and services industries and takes a particular interest in supporting funds targeting exposure to high social impact sectors (e.g. agriculture, healthcare and education) and businesses with the potential for significant local job creation.
• We prioritize investment strategies that seek to deploy a large portion of growth capital (via both equity and quasi-equity instruments) and have a strong focus on operational value creation.
• The funds in which Proparco typically invests target portfolio company ticket sizes of $1 – 20m. For larger transactions Proparco also has direct equity investing capabilities and is keen to consider coinvestment opportunities with its fund management partners.

• AFD offers an ARIZ guarantee to investment funds that finance Social Businesses. It covers up to 50% of their equity or quasi-equity investments in these companies.

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